EDITORIAL: Clinton’s energy plan

Among the prospective mistakes piling up at the intersection of high gasoline prices and US politics, some rotten ideas deserve more attention than others. A proposal needing attention is the energy policy described by Sen. Hillary Rodham Clinton (D-NY) at the National Press Club May 23. It has a chance of becoming law.So far, congressional responses to fuel-price discomfort have been rushed, piecemeal products of institutional misapprehension: a cash rebate for consumers here, a federally owned refining network there, and the usual televised scoldings of oil companies and threats of punitive taxation. The initiatives have looked frantic, disjointed, and vindictive. Until now, therefore, ...

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